Making a Difference 3 Quiz

Question:

In this third week of Finance for Everyone: Decisions, we have considered the side effects and repercussions of financial markets.

As you begin to apply your growing understanding of the broader context of finance, what financial decisions are you considering for your own life? Furthermore, if you were to share your developing opinions about financial issues with those around you, what would be your most significant points? What would you recommend to others who are looking to make decisions? Overall, what financial ideas and issues do you wish to communicate about with those on a local, national, or global scale?

Regardless of your key insights, we hope you share them online. Post your key learnings, insights, and/or opinions to your learning portfolio or twitter (and make sure to use the hashtag #F4E in your tweets)! You are free to choose the subject of your learning portfolio blog post or tweet; this way, you can focus on topics that catch your interest the most.

Below, submit the link to the tweet or post you’ve written this week, and please go back to your Course Connections discussion post from this week and add it in there as well!

Answer:

The financial decisions I’m considering is how to earn more with what I have right now. I don’t have a lot of money as someone in her twenties but I think it’s the right time to start making financial decisions. I’m still thinking if it’s a nice idea to get a place for my own. Also, I’m thinking if getting a master degree a good choice for me.

I think the most significant point would be the formula to calculate interest rate also how compound interest can change everything. It’s such a huge difference as well when it’s compounded yearly or monthly or daily.

I would recommend everyone to look into how the compound interest can make a significant difference towards what you earn/pay. It’s very crucial.

The financial idea that I would like to communicate globally is how almost all money is controlled by 1% of people and how their decisions can affect trillions of people. The fact that many governments are in dangerous financial situation is also something worth noting. I’m surprised to know that the financial situation of US is so bad that one-third of its assets are based on student loans.